SUTIMCo International Inc (SUTI)

[Cassandra]

XP also said that the SUTI told them that the financial report was going to be released last week. We have no idea if XP is telling the truth about what the company supposedly tells him or if they tell him anything. If managment is in regular communication with XP, it's also possible that they are lying to him.

SUTI's shareholder letter last week admitted that $1 million of the preferred stock has already been converted to common shares. That's likely well over 100,000,000 new common shares that are very likely being sold into the float causing the share price to keep dropping.

If you look at the massive dilution lined up with $2 million more in the floorless convertible preferred stock plus the stated intent to continue to raise money throughout the rest of 2012 and its relationship with notorious toxic diluter Boost Marketing (aks Big Apple Consulting), things do not look good for the price to rise.